Overview
What is Rescue Legacy Fund Inc?
Rescue Legacy Fund Inc is a nonprofit organization based in Durham, North Carolina. Established under North Carolina law, its primary mission is to promote, support, and facilitate the work of the Durham Rescue Mission, a nonprofit organization dedicated to providing aid and resources to those in need. The Rescue Legacy Fund Inc has been blessed with funds designated by its board of directors for long-term asset utilization. Their primary objective is to manage and utilize these funds effectively, aiming for a favorable investment return compared to inflation, acting as responsible stewards of their resources. With a small workforce of just two individuals, the Rescue Legacy Fund Inc continues its mission to support the Durham Rescue Mission's efforts to aid those in need.
Official website here: www.rescuelegacyfund.org
Is Rescue Legacy Fund Inc legitimate?
Rescue Legacy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rescue Legacy Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $116,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,337
For more financial information, click here
Official website here: www.rescuelegacyfund.org
What is the mission statement of Rescue Legacy Fund Inc?
Rescue Legacy Fund Inc's mission is centered around promoting, supporting, and facilitating the work of a non-profit organization called Rescue Mission Ministries. The fund aims to be a responsible steward of the funds it has been blessed with, primarily by managing these assets effectively and generating a favorable investment return that outpaces inflation. The primary objective is to utilize these unallocated assets in a way that aligns with the long-term plan set by the Board of Directors.
Official website here: www.rescuelegacyfund.org
Who is the CEO of Rescue Legacy Fund Inc?
Gail Mills is the Chairman of Rescue Legacy Fund Inc.
Official website here: www.rescuelegacyfund.org
What is the revenue of Rescue Legacy Fund Inc?
Rescue Legacy Fund Inc's revenue in 2022 was $3,864,354.
Official website here: www.rescuelegacyfund.org
Who are the executives of Rescue Legacy Fund Inc and what are their salaries?
The average compensation at Rescue Legacy Fund Inc during 2022 was $98,870. There are 2 employees at Rescue Legacy Fund Inc.
Here are 5 key members and their salaries:
- Compensation: $108,146
- Related: $0
- Other: $8,257
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rescuelegacyfund.org
Where can I find the form 990 for Rescue Legacy Fund Inc?
Rescue Legacy Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rescuelegacyfund.org
Learn more at the official website: www.rescuelegacyfund.org
Mission Statement of Rescue Legacy Fund Inc
Rescue Legacy Fund Inc, as a nonprofit organization, is dedicated to promoting, supporting, and facilitating the work of the Durham Rescue Mission, a nonprofit corporation based in Durham, NC. The organization's primary objective is to act as a responsible steward of the funds that have been designated by its board of directors for long-term use. These funds, known as unrestricted net assets, are intended for investment and management, with the goal of achieving a favorable return compared to inflation. By successfully managing these assets, Rescue Legacy Fund Inc aims to contribute to the overall mission and goals of the Durham Rescue Mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Rescue Legacy Fund Inc plays a vital role in supporting and facilitating the initiatives of the Rescue Mission Ministries in Durham, NC. By effectively managing and investing designated funds, the organization ensures that financial resources are utilized wisely to promote the mission's efforts in aiding those in need.
Through careful stewardship of its assets, the Fund aims to generate favorable investment returns while combating the effects of inflation. This approach not only secures financial sustainability for current and future programs but also enhances the capacity of the Rescue Mission to provide essential services to the community.
The impact of Rescue Legacy Fund Inc extends beyond mere financial management; it fosters a supportive network that reinforces the outreach of the Durham Rescue Mission. By aligning their resources and efforts, they contribute significantly to addressing local challenges, ultimately uplifting individuals and families experiencing hardship.
This information is meant to be a general summary of Rescue Legacy Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $379,557
- Gross Receipts: $6,172,890
Assets and Liabilities:
- Total Assets: $28,409,336
- Total Liabilities: $54,184
- Net Assets: $28,355,152
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Phone
(919) 688-9641Principal Officer
Gail Mills
Main Address
PO BOX 11186, DURHAM, NC, 277031186
Website
www.rescuelegacyfund.orgNTEE Category
Code: X11 - Religion related
If you are a representative of Rescue Legacy Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.